Companies · Pharma

Bryn Pharma, LLC

LEBANON · Pharma · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on Bryn Pharma, LLC — recommendation, valuation, rhythm, risks.
$127.4M
Total raised · real
6
Rounds
0.2×
Latest step-up
Top 7%
Sector rank · raised
Series C
Latest stage · inferred · Thu Apr 10 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Bryn Pharma, LLC looks under-valued against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the pharma sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.10× the median modeled value of Series C Pharma companies in 2025–2027 (6 peers) — value vs value, same stage and era.
Active
  • Last raise 15 mo ago; this sector typically re-raises about every 16 months.
  • Raising on or ahead of the sector's normal rhythm.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Bryn Pharma, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
8.0 yr record
Peak capital year was 2021 with $76.9M across 3 filings.
Market position
ahead of 94% of Pharma peers
Capital scale is ahead of 94% of Pharma peers; modeled value is above 50% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2021: $76.9M across 3 filings.
  • Largest single filing was $43.5M on 2021-07-06.
  • Filing rows sum to $190.8M, while canonical raised total is $127.4M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • Canonical filtering should be tightened before using row-level totals for diligence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Pharma

Bryn Pharma, LLC is one of 310 Pharma companies tracked from LEBANON. By capital raised it ranks among the largest (ahead of 94% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

pharma

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
105
Investors (latest)
2025-04-10
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$500M$1.0B$1.5B$2.0BSeries A · 2018-07-16 Raised $9.3M (real) Modeled valuation $287M (est)Series A2018Series B · 2019-02-08 Raised $17M (real) Modeled valuation $586M (est)Series B2019Series A · 2019-10-18 Raised $15M (real) Modeled valuation $465M (est)Series A2019Series B · 2019-10-18 Raised $26M (real) Modeled valuation $884M (est)Series B2019Series C · 2021-07-06 Raised $44M (real) Modeled valuation $1.1B (est)Series C2021Series B · 2021-07-06 Raised $28M (real) Modeled valuation $644M (est)Series B2021Series A · 2021-07-06 Raised $5.2M (real) Modeled valuation $101M (est)Series A2021Series A · 2023-04-25 Raised $15M (real) Modeled valuation $131M (est)Series A2023Series C · 2023-04-25 Raised $27M (real) Modeled valuation $353M (est)Series C2023Series C · 2025-04-10 Raised $4.7M (real) Modeled valuation $31M (est)Series C2025+$17M+$15M+$26M+$44M+$28M+$5.2M+$15M+$27M+$4.7MCumulative $191M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$9.3M · 2018
Series B$17.2M · 2019
Bridge · Series B-stage$15.0M · 2019smaller follow-on
Series B extension$26.0M · 2019
Series C$43.5M · 2021
Bridge · Series C-stage$28.3M · 2021smaller follow-on
Bridge · Series C-stage$5.2M · 2021smaller follow-on
Bridge · Series C-stage$15.0M · 2023smaller follow-on
Series C extension$26.7M · 2023
Series C extension$4.7M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 60%.

Modeled valuation trajectory
$31.4M
Base estimate est.
$15.2M
Conservative case
$42.8M
Upside case
$31.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Series A · modeled $286.6M · 2018-07-162018Series B · modeled $585.7M · 2019-02-08Series A · modeled $464.6M · 2019-10-18Series B · modeled $884.1M · 2019-10-18Series C · modeled $1.1B · 2021-07-06Series B · modeled $644.0M · 2021-07-06Series A · modeled $101.2M · 2021-07-06Series A · modeled $131.4M · 2023-04-25Series C · modeled $352.7M · 2023-04-25Series C · modeled $31.4M · 2025-04-102025
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
66%
Survival probability
49% low · 76% high
1.42×/yr
Annual markup
1.62×/yr upside case
1.2 yr
Elapsed time used
1.2 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$18.9M/yr
Capital velocity
8.0 yr
On record since
2018
First round
10
Rounds on file
How it compares to the market

Benchmarked against 310 companies in Pharma. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 20× above median
This company$127.4M
Sector median$6.4M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.1× of median
This company$4.7M
Sector median$49.7M
Modeled value — vs sector median (estimate, all stages) 0.5× of median
This company$31.4M
Sector median$62.5M

Raised more than 94% of sector peers (real $). Modeled value above 50% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #6 of 6.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Click Therapeutics, Inc. · Series C Raised $136.7M · modeled $332.0M (est)Allay Therapeutics, Inc. · Series C Raised $162.6M · modeled $323.2M (est)Somite Therapeutics, Inc. · Series C Raised $47.5M · modeled $317.1M (est)Indapta Therapeutics Inc. · Series C Raised $84.4M · modeled $289.6M (est)Pheast Therapeutics, Inc. · Series C Raised $99.8M · modeled $138.4M (est)Bryn Pharma, LLC (this company) Raised $127.4M · modeled $31.4M (est)Bryn Pharma, LLC
CompanyStageRaised · realValue · estvs peer med.
Click Therapeutics, Inc.Series C$136.7M$332.0M1.09×
Allay Therapeutics, Inc.Series C$162.6M$323.2M1.07×
Somite Therapeutics, Inc.Series C$47.5M$317.1M1.05×
Indapta Therapeutics Inc.Series C$84.4M$289.6M0.95×
Pheast Therapeutics, Inc.Series C$99.8M$138.4M0.46×
Bryn Pharma, LLC this companySeries C$127.4M$31.4M0.10×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$9.3M2018-07-16$42.1M$286.6M90%
Series B$17.2M2019-02-08$95.7M$585.7M90%
Series A$15.0M2019-10-18$68.2M$464.6M90%
Series B$26.0M2019-10-18$144.4M$884.1M90%
Series C$43.5M2021-07-06$290.1M$1.1B90%
Series B$28.3M2021-07-06$157.1M$644.0M90%
Series A$5.2M2021-07-06$23.4M$101.2M90%
Series A$15.0M2023-04-25$68.2M$131.4M90%
Series C$26.7M2023-04-25$178.2M$352.7M90%
Series C$4.7M2025-04-10$31.3M$31.4M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$9.3M2018-07-16
    • First recorded raise — entered as Series A.
    • 72 investors on this round.
  2. Series B$17.2M2019-02-08
    • Came back fast: 7 mo vs the ~16 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 77 investors on this round.
  3. Series A$15.0M2019-10-18
    • Came back fast: 8 mo vs the ~16 mo sector norm.
    • Round roughly the size of the prior one.
    • 106 investors on this round.
  4. Series B$26.0M2019-10-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× larger than the prior — scaling up.
    • 127 investors on this round.
  5. Series C$43.5M2021-07-06
    • Raised 21 mo later, in step with the ~16 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 246 investors on this round.
  6. Series B$28.3M2021-07-06
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 169 investors on this round.
  7. Series A$5.2M2021-07-06
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 5.5× smaller than the prior — bridge or down round.
    • 16 investors on this round.
  8. Series A$15.0M2023-04-25
    • Raised 22 mo later, in step with the ~16 mo sector norm.
    • Round 2.9× larger than the prior — scaling up.
    • 82 investors on this round.
  9. Series C$26.7M2023-04-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.8× larger than the prior — scaling up.
    • 105 investors on this round.
  10. Series C$4.7M2025-04-10
    • Raised again after 24 mo — slower than the ~16 mo sector norm.
    • Round 5.7× smaller than the prior — bridge or down round.
    • 105 investors on this round.
Intelligence
2026 ~Q1
Modeled next raise · ~9mo cadence
$4.7M
Modeled next size est.range $4.7M$7.5M
0.2×
Last step-up
$18.9M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Marc Rapaport2 other2019-10
Michael Kaseta1 other2023-04
Steven Hartman1 other2018-07
William Humphries1 other2023-04
Anne Whitaker2023-04
Dale Sander2019-10
David Dworaczyk2018-07
James Borneman2025-04
Jeff Hartness2023-04
Jim Borneman2023-04
Joshua Ziel2025-04
Kate Grell2019-02
Kate Soper Diaz2023-04
Katherine Grell2021-07
Lisa Licht2019-10
Michelle Lobel2018-07
Rick Schaden2018-07
Robert Yanez2021-07
Sandra Loreaux2025-04
Sandy Loreaux2023-04
Stephen Beckman2019-02
Steve Killmeyer2023-04
Steven Killmeyer2025-04
Registry & provenance

Bryn Pharma, LLC is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1746919
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Digital Therapeutics, Inc.PharmaSeries C$123.6M$530.5Msame sector · same stage
Click Therapeutics, Inc.PharmaSeries C$136.7M$332.0Msame sector · same stage
Ovid Therapeutics Inc.PharmaSeries C$105.9M$907.5Msame sector · same stage
Pheast Therapeutics, Inc.PharmaSeries C$99.8M$138.4Msame sector · same stage
Allay Therapeutics, Inc.PharmaSeries C$162.6M$323.2Msame sector · same stage
Soleno Therapeutics IncPharmaSeries C$98.6M$680.0Msame sector · same stage
Interline Therapeutics, Inc.PharmaSeries C$92.6M$1.1Bsame sector · same stage
Circle Pharma, Inc.PharmaSeries C$177.6M$810.6Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
AR Pharma, Inc.PharmaPre-Seed$19.4M83%
D2 Pharma Consulting LLCPharmaSeed$16.7M82%
Jupiter Therapeutics, Inc.PharmaPre-Seed$47.3M81%
Alto Pharmacy Holdings, Inc.Biotech / PharmaSeries D+$3.1B81%
Pharm, LLCOtherSeries A$107.4M81%
Nia Therapeutics, Inc.PharmaSeries B$357.4M81%
Oncology Health Partners, LlcPharmaSeries A$62.5M81%
Nuo Therapeutics, Inc.PharmaSeries B$3.6M81%
Frequently asked
How much funding has Bryn Pharma, LLC raised?
Bryn Pharma, LLC has raised approximately $127.4M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Bryn Pharma, LLC's estimated valuation?
Provath's modeled valuation for Bryn Pharma, LLC is approximately $31.4M (modeled range $15.2M–$42.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Bryn Pharma, LLC at?
Bryn Pharma, LLC's latest modeled financing stage is Series C. Its most recent recorded round closed around Thu Apr 10.
What does Bryn Pharma, LLC do and where is it based?
Bryn Pharma, LLC operates in the Pharma sector, based in LEBANON.
Explore related

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